Chugunoleene AD (

)Ihtiman posts 1H profit in the amount of 484,000 leva (247,465 euros), or 0.76 leva per share, compared with a loss of 1.537 mln leva (785,855 euros) in the respective period a year ago, the company's report filed with the BSE-Sofia reveals.

Revenues grew 28.3% to 17.54 mln leva (8.968 mln euros) over the period, compared with 13.67 mln leva (6.990 mln euros) a year ago. Costs increased 12.2% to 17.06 mln leva (8.722 mln euros).

Chugunoleene has a core capital in the amount of 641,000 leva (327,738 euros). As of June 30, its equity capital stands at 12.6 mln leva (6.442 mln euros). Chugunoleene 97 AD controls 83.106% of the capital.

At the end of 2006 the company filed a lawsuit against Kremikovtsi AD for an amount of 1.57 mln leva (802,728 euros) which the plant owes for production it purchased in 2003.

In June Chugunoleene told profit.bg that the company is implementing an investment program for 2007 worth 2.4 mln euros.

654 shares changed hands on the position today at an average of 21.54 leva, which brings the company's market capitalization to 13.8 mln leva (7.055 mln euros).